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Weekly Trading Forecast: FX and Capital Markets Shaken by Strong NFPs
A strong US labor report charged the Dollar to an 11 year high and sent the S&P 500 reeling. Are these trends that will build through the coming week?
Dollar Acceleration and S&P 500 Reversal Before FOMC Gathers?
This will officially be known as ‘the week before the critical FOMC meeting’.
New Zealand Dollar at Risk on Adverse RBNZ vs Fed Outlook Shift
The New Zealand Dollar looks vulnerable to deeper losses as dovish RBNZ rhetoric and firming Fed rate hike bets drive an adverse policy outlook shift.
British Pound Dangerously Close to Larger Breakdown
The British Pound finished the week sharply lower versus the resurgent US Dollar as it fell for five consecutive trading days and finished barely above key multi-year lows.
Gold Plummets Through Key Support as NFPs Boost Rate Expectations
Gold prices plummeted this week with the precious metal off by more than 3.9% to trade at 1165 ahead of the New York close on Friday.
USD/JPY NFP Breakout at Risk for Japanese Verbal Intervention
The fundamental developments due out next week may generate fresh monthly highs in USD/JPY should the data prints put increased pressure on the Bank of Japan (BoJ) to further embark on its easing cycle.
AUD/USD Threatens Bullish Momentum- NZD/USD Carves Top Ahead of RBNZ
The fundamental event risk lined up for the week ahead may heavily impact AUD/USD and NZD/USD as market participants weigh the outlook for monetary policy.
Preview for NFPs and Trade Setups in USD-pairs
The unemployment rate and average hourly earnings figures represent the meat of the report, not the headline NFP number.
EUR/USD Oversold Ahead of NFP- 1.0970 Support Remains Vulnerable
An upbeat U.S. Non-Farm Payrolls (NFP) report may spur a further decline in EUR/USD as the bearish RSI momentum gathers pace.
US Dollar May Fall as Yen Gains on Soft US Employment Figures
The US Dollar may decline on cooling Fed rate hike bets while the Yen gains amid risk aversion if February’s US jobs data falls short of expectations.
Gold and Crude Oil Stall at Chart Support, SPX 500 Digesting Losses
Crude oil and gold prices are stalling after pulling back to chart support while the SPX 500 is digesting losses after sinking to a two-week low.
NFP Setups in Focus- USD Breakout Plays
The CAD & JPY consolidations are in focus as USD presses into fresh multi-year highs. Updated targets & invalidation levels that matter heading into the March open.
Retail Crowd Remains Net-Long EUR/USD- 1.0970 in Focus Ahead of NFP
The DailyFX Speculative Sentiment Index (SSI) shows the retail crowd remains net-long EUR/USD ahead of the highly anticipated U.S. Non-Farm Payrolls (NFP) report.
Trade Setups in EUR-crosses and Expectations for ECB Meeting
Momentum remains firmly lower in key Euro pairs ahead of the policy meeting.
Euro May Rise as ECB Policy Announcement Triggers Profit-Taking
The Euro may rise as a status-quo policy announcement from the European Central Bank triggers profit-taking on bets against the single currency.
GBPAUD Reversal at Interim Support- Scalps Target 1.9500
GBPAUD is coming into near-term support with immediate short-bias now at risk. Here are the updated targets & invalidation levels.
Into the Storm: US ADP, ISM Services Start Three Day Data Blitz
Event risk is heavy the through the end of the week; today the focus is on the Canadian and US Dollars.
Dollar Holds its Range as Traders Look to SPX and NFPs as Loaded Catalysts
US Dollar May Overlook ADP and ISM, Wait for Payrolls to Trigger Break
The US Dollar may overlook ADP and ISM data releases as traders withhold directional conviction until after the Friday’s payrolls figures are revealed.
AUD/USD to Eye 0.7720 Support on Dismal Australia GDP Report
A marked slowdown in Australia GDP may push AUD/USD back towards the 0.7300 support region as it puts increased pressure on the RBA to offer lower borrowing-costs.
Scalps Target USDCAD Breakout Heading Into BoC, NFPs
The loonie has been coiling up for the past month with key event risk this week likely to produce a breakout. Here are the updated targets & invalidation levels.
GER30 Carves Outside Day, Threatens Bullish Momentum Ahead of ECB
The bearish outside day on GER30 may spur a larger pullback in the benchmark equity index as it threatens the bullish momentum carried over from earlier this year.
March Forex Seasonality Sees US Dollar Rally Stunted
The US Dollar has been on a tear since last July, but it may be a good time for a breather.
US Dollar Strength Tentative, Selective at Best
Event risk is heavy the next few days, although today may be a lull in the storm.
Aussie Dollar Soars as RBA Withholds Rate Cut, NZ Dollar Gains on Data
The Aussie Dollar rallied as the RBA unexpectedly opted against a rate cut while the Kiwi Dollar gained on supportive commodity exports and housing price data.
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